Instant Alert: China to cut taxes in a bid to boost small businesses and high-tech sector

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China to cut taxes in a bid to boost small businesses and high-tech sector

by on Apr 25, 2018, 7:34 AM

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BEIJING (Reuters) - China will cut more taxes to support small and micro firms and high-tech companies, state radio quoted the cabinet as saying on Wednesday after a meeting.

The government rolled out seven measures that are expected to cut more than 60 billion yuan ($9.5 billion) in taxes for small and high-tech companies this year, state radio said.

($1 = 6.3195 Chinese yuan renminbi)


 
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